The appellants, a stockbroker and two brokerage firms, appealed a trial judgment finding them liable for negligence and breach of contract resulting in the respondents' investment losses.
The trial judge found the broker engaged in unauthorized trading and the firms failed to supervise him or warn the clients.
The respondents cross-appealed the dismissal of their claims for loss of opportunity and punitive damages.
The Court of Appeal dismissed both the appeal and the cross-appeal, upholding the trial judge's findings on liability, apportionment, mitigation, and costs.
